Global Lactose-Free Foods Market – Overview
Global lactose free foods market has witnessed an impressive growth over the last few years. Market Research Future, a firm which specializes in market reports related to the Food, Beverages & Nutrition sector among others, recently forecasted in its report on global lactose free foods Market Research Report- Forecast to 2023 that the market will demonstrate an exceptional CAGR % while achieving million-dollar growth readily in the forecast period.
Today, food intolerances and food allergies have become a major concern for today’s health-conscious consumers. Lactose-free food, which means that the product is free from animal (usually cow’s) milk which contains milk sugar lactose. In the era of globalization, changing consumption pattern, increasing awareness about lactose intolerance, rising number of vegan consumers and other factors such as rising working class population and growing demand for on-the-go products support the growth of lactose free foods market. Increasing consumer interest in healthy lifestyle, various weight loss diet trends and rising concern on animal welfare & environment will fuel the sales of lactose free foods across the world. Also, the strong performance of retail sector & foodservice industry has led to the easy availability of branded lactose free foods in semi-urban areas, and the increasing availability of brands in stores which are safe to consume.
The global lactose free food market is witnessing the launch of various innovative products that are aimed at providing appealing and nourishing food to consumers. With the introduction of innovative products in terms of taste, flavor, and variety, manufacturers aim to diversify the market for lactose free food products. The lactose free food segment has emerged as an important business segment for food manufacturing companies.
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Global Lactose-Free Foods Market – Competitive Analysis
Lactose free foods market has a huge potential for the manufacturers. The market is highly fragmented due to the presence of several large & unorganized players across the world. Market players are focusing in the product innovation. Innovative product launch has been one of the major trends gaining momentum in the global lactose free foods market. Major companies are expansively investing in the promotional activities in order to create strong awareness among the consumers. Moreover, key manufacturers invest in the celebrity endorsement to augment the overall volume sales.
The key players profiled in lactose free foods are Daiya Foods, Inc., Lucy’s, Hail Marry, Go Max Go, Fonterra, General Mills, Green Valley Organics, Doves Farm Food, Edlong Dairy Technologies, Barry Callebaut, Alpro, and Amy’s Kitchen.
Global Lactose Free Foods Market – Segments
Global lactose free foods market has been divided into application, type and Region
On the Basis of Source: soy, rice, coconut, almond, and others
On the Basis of Type: confectionery, bakery products, sauces, and dairy products
On the Basis of Region: North America, Europe, Asia Pacific and Rest of the World
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Global Lactose Free Foods Market – Regional Analysis
Global lactose free foods market is segmented by region which comprises of North America, Europe, Asia Pacific and Rest of the World. Among all the regions, North America is holding major market share in global lactose free foods market and it is expected to retain its dominance throughout the forecast period of 2017-2023. The growth of the lactose free foods in the North America region is anticipated to be driven by the various factors. The rise in the number people with celiac disease and of those who are lactose intolerant and diabetic will drive sales of the food intolerance products market during the forecast period. Furthermore, rising awareness about food intolerance products will also fuel the growth of the market during the forecast period. However, Europe is also one of the attractive destinations among the lactose free foods manufacturers. Europe is also expected to expand at a high growth rate as compare to the other regions. Increasing lactose intolerance among the consumers is enforced to adopt lactose free foods instead of the conventional dairy products. Moreover, key players are emphasizing in the new product development in order to extend the product line. Germany is accounting for significant market share in the Europe lactose free foods market throughout the forecast period.
Latest Industry Updates
May 2018 Danone S.A. has launched lactose free dairy products in Spain
March 2018 Müller has launched lactose –free yoghurts. The product is available in the market in two flavor such as strawberry and red cherry
Feb 2018 Epigemia has launched lactose –free artisanal curd in India
Aug 2017 Rachel’s has introduced its organic & lactose free yoghurt in U.K. The product is available in various flavors such as natural and strawberry
Oct 2016 Green Valley Organics launched lactose free butter products in the U.S.
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